v EV bloomed in the past years, under the stimulation of governmental subsidy;

v Subsidy drops to be 70% for buses and cars, and 40% for trucks in transition period from 12 Feb to 11 Jun of 2018;

v Capitals are seeking alternative technologies.

I. Opportunity of FCVs in China

I. Opportunity of FCVs in China

vSubsidy for FCV and hydrogen refueling stations will not change.

Vehicle Type Subsidy from Central Government

Fuel Cell Cars ￥200’000/Vehicle *

Fuel Cell Mini Buses and Light Duty Trucks ￥300’000/Vehicle

Fuel Cell Buses and Heavy Duty Trucks ￥500’000/Vehicle

*Note: ￥200’000 RMB ≈ 30’000 USD

II. Development of FCVs in China

vFuel Cell Vehicle Producers

II. Development of FCVs in China

vFuel Cell Vehicle Producers

II. Development of FCVs in China

Vehicle Manufacturer Fuel Cell Stack Producer Vehicle Type Vehicle Length (m) Milage (km) Power of Fuel Cell Stack

(kW)SAIC Sunrise Bus 6.1 430 30

YUTONG SinoHytec

Bus 8.2 400 30Bus 12 500 31Bus 12 500 31Bus 12 600 60

SinoSynergy Bus 12 600 50

FOTON SinoHytec

Bus 8.5 450 30Bus 8.5 450 30Bus 8.5 425 31Bus 10.5 385 31Bus 12 450 60

SHENGLONG SinoHytecBus 8.5 360 30Bus 10.5 387 31Bus 12 433 60

FOSHAN FEICHI SinoSynergyBus 7 320 30Bus 8.5 308 30Bus 11 360 60

DONGFENGSinoSynergy Truck 6.4 305 30

Edelman Truck 6.1 305 30Refire Truck 6.4 305 30

XIAMEN KINGLONG SinoHytec Bus 8.1 310 31SinoSynergy Bus 12 500 60

YANGMAN Bing Energy

Truck 6.7 378 30Truck 6.7 305 30Truck 6.7 305 30Bus 10.2 390 30Bus 10.2 440 30

NANJING KINGLONG Xingbang Bus 10.2 530 30

vFuel Cell Vehicle Producersw At least 20 vehicle producers are developing FCV in China;w At least 30 types of FCV being registered at the end of 2017.

II. Development of FCVs in China

vFuel Cell Cars

PrototypeEXPO VIP car

Engineering car

SAIC Gen1

SAIC Gen2SAIC Gen3

SAIC Gen4

vFuel Cell Carsw Great Wall Motor plans to release first FCV in 2022;

w Weichai Power, bigest engine producer in China, plans to invest ￥50b to 2030 to develop fuel cell engine;

w Guangzhou Automobile Group Co., Ltd. (GAC) also plans to develop FCV.

II. Development of FCVs in China

vFuel Cell Minibusw SAIC MAXUS launched FCV80 in 2017, received 100

orders; � Price ￥1’300’000; � 6kg H2, 35MPa hydrogen tank;� Fueling time 5min, milage 500km;� 45kW fuel cell engine, 14.3kWh battery.

II. Development of FCVs in China

vFuel Cell Busesw Nation-Synergy now has the largest FCB fleet (28 FCBs)

� Sanshui FCB fleet was launched on 28 Sep. 2016, and 6 buses started taking passengers from 15 Jun. 2017;

� Yunfu FCB fleet was launched on 18 Oct. 2016, and 5 buses started taking passengers from 28 May 2017.

II. Development of FCVs in China

vFuel Cell Buses

II. Development of FCVs in China

Sanshui YunfuDate of demonstration beginning 2016.9.28 2016.10.18Date of taking real passengers 2017.8.18 2017.6.16

Route length (km) 31 63Number of fuel cell buses 6 5

Average hydrogen consumption (kg H2/100km) 7.1 7.3Accumulated milage (km) 181027 173030

Average milage per bus (km) 30171 34606

vFuel Cell Buses

Fuel cell bus operation data

No. Site Licence plate Bus number Cumulative mileage/km

Total mileage/km

1 Yunfu 粤W10820 FCG16005 36677 2 Yunfu 粤W10833 FCG16006 37675 3 Yunfu 粤W10836 FCG16007 31442 4 Yunfu 粤W10838 FCG16008 38282 5 Yunfu 粤W10830 FCG16013 28954 173030 6 Shanshui 粤EU3255 FCG15008 24236 7 Shanshui 粤EU3755 FCG15009 35122 8 Shanshui 粤EU3526 FCG15010 30411 9 Shanshui 粤EU3977 FCG15011 36684 10 Shanshui 粤EU3522 FCG16001 28375 11 Shanshui 粤EU3955 FCG16002 26199 181027

354057

II. Development of FCVs in China

vFuel Cell Busesw Feichi is now producing 300 fuel cell buses for Foshan and Yunfu

city and will deliver in 2018;w The 8.5m fuel cell buses use fuel cell stacks produced by Synergy-

Ballard JV and modules produced by Synergy-Refire JV;w Peak power of the fuel cell module is 30kW.

II. Development of FCVs in China

vFuel Cell Busesw Foton built a factory to produce FCV in Zhangjiakou Hebei

province with capacity to build 2,000 buses per year;w Foton won the bid of 49 vehicles of 10.5m fuel cell buses of

Zhangjiakou and is expected to win a further 250;w Foton's fuel cell buses use modules of Sinohytec.

II. Development of FCVs in China

vFuel Cell Busesw Yutong is the largest bus manufacturer with 35% market;w Yutong planned to launch 100 FCBs and built a hydrogen

refueling station in it facility;w Yutong won the bid of 25 vehicles of 12m fuel cell buses for

Zhangjiakou; w Yutong's fuel cell buses use modules of Sinohytec.

II. Development of FCVs in China

vFuel Cell Trucksw Dongfeng launched 760 fuel cell logistic trucks in 2017 and 500

were licenced in Shanghai;w The truck use 30kW fuel cell module from Refire and could loaded

3.2 tons of goods, with 400km milage； w A factory of Dongfeng is in constructing in Yunfu city near

Synergy to produce fuel cell trucks.

II. Development of FCVs in China

vFuel Cell Trucksw Youngman Automobile Group has produced 400 fuel cell trucks

and planned to launch 800 vehicles in Xian;w Yangman's fuel cell trucks use fuel cell modules from Bing Energy

located in Rugao of Jiangsu Province.

II. Development of FCVs in China

vFuel Cell Tramsw CRRC Qingdao Sifang exhibited its fuel cell tram prototype in

2015, and ten FC trams are planned to operate on a line in Foshan Gaoming, with 6.8km line;

w CRRC Tangshan Company launched its commercial hybrid FC tram and demonstrated running in Hebei Tangshan;

w Potential lines will be opened in Luzhou, Taizhou, ...

II. Development of FCVs in China

vForecast of FCVs in China2016 2020 2030 2050

180b RMB 300b RMB 1t RMB 4t RMB

H2 production70b m3 H2/y

72b m3 H2/y Complete Demo of industrial chain

100b m3 H2/yIncreasing point in energy market

Become an important part in national energy

Take advantage of abandoned solar, wind and hydro energyCut down use of coal, oil and NG; Clean use of coal

4 H2 refueling stations

100 H2 stations200 MW FC power10’000 FC vehicles50 FC tram linesDemo of FC ships

>1000 H2 stations100 GW FC power2M FC vehicles3000km H2 pipelines

Complete H2 Grid10 M FC vehiclesWell-done H2 infrastructure and distributed power

Build support system which is benefit for development of hydrogen energyCode & StandardFinancial support

Testing and certification

Quality & Safety Technical supportIndustrialize platform

II. Development of FCVs in China

III. H2 Refueling stations in China

vHydrogen refueling stations• At least 12 hydrogen stations are in operation to end of 2017;

Location Time Scale StatusBeijing 2006 2023 times refueling, 19100kg fueled from 2006 to 2010 In useShanghai 2007 6013 times refueling, 10216kg H2 being fueled In useZhengzhou 2015 250kg H2 refueled per day In useYunfu 2016 Capable for refueling of more than 20 buses In useDalian 2016 70MPa In useFoshan 2016 360kg H2 per day In useChangshu 2017 70MPa for refueling of MIRAI In useZhongshan 2017 Containerlized refueling station In useChengdu 2017 Containerlized refueling station In use Rugao 2017 Containerlized refueling station In use

III. H2 Refueling stations in China

vHydrogen refueling stationsw At least 8 stations are in contructing;w At least 10 stations are in planning.

Area of station: 6465m2 Area of construction: 674.4m2

Hydrogen storage: 665kg Tube trailer: 500kg (20MPa)High pressure tank: 165kg (45MPa)Investment: 13.6 Million RMB

III. H2 Refueling stations in China

vHydrogen refueling stations at Yunfuw One station has alreday in service;w 10 stations in Foshan and 5 stations in Yunfu will be built this year

IV. Hydrogen industry at Yunfu

Yunfu

vHydrogen Energy Industrial Parkw Located at Silao County of Yunfu City, 125km from Guangzhou;w Area of the industrial park is 230’000m2, construction area is

170’000m2, total investment is 458 million RMB;w Construction of the Industrial Park is PPP mode.

vHydrogen Energy Industrial Park

Factory of Feichi

Factory ofNation-Synergy

IV. Hydrogen industry at Yunfu

vNation-Synergyw A joint venture has already been founded for fuel cell production;w Area of the workshop is 12’000m2 with 120m long and 100m wide;w Annual fuel cell stack production is 20’000 sets;w Annual fuel cell module production is 5000 sets.

IV. Hydrogen industry at Yunfu

vNation-Synergyw Automation fuel cell stack production line design;w Production line started producing from Jul 1st, 2017.

IV. Hydrogen industry at Yunfu

双极板生产

电堆生产

系统集成

vNation-Synergy

IV. Hydrogen industry at Yunfu

vSynergy-Ballardw A joint venture of Synergy and Ballard founded in 2016;w Fuel cell stack producing;w 20'000 stacks each year;w 1'200 stacks were produced in 2017.

IV. Hydrogen industry at Yunfu

vSynergy-Refirew A joint venture of Synergy and Refire founded in 2016;w Fuel cell module producing;w 700 sets of 30kW modules produced in 2017.

IV. Hydrogen industry at Yunfu

vFeichi bus w Production capacity: 5000 FCBs/Year.

IV. Hydrogen industry at Yunfu

vFeichi bus

6.9mFuel cellminibus

8.5mFuel cell bus

12mFuel cell busMPV

IV. Hydrogen industry at Yunfu

V. Conclusions

ConclusionsvFuel cell and hydrogen energy technologies are

developing very fast in China these two years;vNew technolgies and products are very welcome to

China for commericalization;vWe are open to cooperate with other partners.

Thank you!